UAE Recovery Hinges on Dubai World Debt Restructuring
February 22, 2010 at 10:08 AM EST
The International Monetary Fund said it estimates the total Dubai debt at around $86 billion, not including what it terms ‘bilateral bank loans’. ‘Bilateral lending is a bigger concern to us since the scale of lending could be very large and data is practically non-existent,’ the bank said in an annual report. The IMF also repeated its [...]